Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS

[Tranz]

I respect all the opinions in this thread. It looks to me to be split 60/40 in favor of moving to a higher PoS.  I don't want to cause any strife, and I certainly am not trying to pump and dump this coin. I would very much like it to get a nice steady hash and high net weight.

Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.

Very low 1-5% PPC,BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.

This coin will never compete in the market at a lower PoS percentage.  If you want this coin to survive, it must give people a reason to hold it.

Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you.  But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.

I await your response.

Thanks!

Edit: Flound and I will speak about this privately tonight.

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[Hilux74]

I vote in favour of the 200%

[BitJohn]

I respect all the opinions in this thread. It looks to me to be split 60/40 in favor of moving to a higher PoS.  I don't want to cause any strife, and I certainly am not trying to pump and dump this coin. I would very much like it to get a nice steady hash and high net weight.

Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.

Very low 1-5% BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.

This coin will never compete in the market at a lower PoS percentage.  If you want this coin to survive, it must give people a reason to hold it.

Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you.  But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.

I await your response.

Thanks!

I think the higher interest stake coins perform better as well encourages holding investment etc. I am all for upping it.

[sandpaper]

I looked through a few pages. I can't seem to find any good pools to mine on. All of the ones on the first page I couldn't load or I refuse to use (coinex.pw). Any ideas?

Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.

[flound1129]

I looked through a few pages. I can't seem to find any good pools to mine on. All of the ones on the first page I couldn't load or I refuse to use (coinex.pw). Any ideas?

Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.

It's up on multipool.us, port 3349.

[flound1129]

Alright Tranz and I spoke on IRC, he's going to take over development.

We're going to increase the stake to 200% as we discussed.  He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.

BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything.  All the info can stay here.  Please let me know of any info on info in the OP that's out of date/incorrect.

Tranz feel free to add any info as you see fit.

[Tranz]

Alright Tranz and I spoke on IRC, he's going to take over development.

We're going to increase the stake to 200% as we discussed.  He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.

BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything.  All the info can stay here.  Please let me know of any info on info in the OP that's out of date/incorrect.

Tranz feel free to add any info as you see fit.

Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days.  Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.

Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys.  If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.

Thanks!

[MarketNeutral]

[Hilux74]

Awesome.  I'm going to go home shoot up some RAD-X and get back mining CAPs and party like its mid 2013!

[ryanb]

Alright Tranz and I spoke on IRC, he's going to take over development.

We're going to increase the stake to 200% as we discussed.  He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.

BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything.  All the info can stay here.  Please let me know of any info on info in the OP that's out of date/incorrect.

Tranz feel free to add any info as you see fit.

Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days.  Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.

Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys.  If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.

Thanks!

Max 1000 coins meaning if someone buys 50k you will only stake 1000 coins every 15 days instead of 4000? or can you break them in to smaller transaction like 10k each block and have 5 blocks so each can stake 800 coins?

[tokyoghetto]

I am curious about this aswell with the max 1000 PoS reward

[kingscrown]

Alright Tranz and I spoke on IRC, he's going to take over development.

We're going to increase the stake to 200% as we discussed.  He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.

BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything.  All the info can stay here.  Please let me know of any info on info in the OP that's out of date/incorrect.

Tranz feel free to add any info as you see fit.

Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days.  Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.

Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys.  If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.

Thanks!

i say Hobos and Bottlecaps are so similar in 'niche' you taking the coin over is logical move )))))
i also vote for the 200% - as nobody else has it.

[ryanb]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

[presstab]

I am curious about this aswell with the max 1000 PoS reward

Well at the current numbers it would be a 8.22% stake at 15 day intervals - assuming 200% max stake. So the way I understand it is that it would be each block can only get a stake reward of 1,000 at a time. This means that you should keep blocks less than 12,165 in your wallet. If I understand it correctly. This seems perfectly reasonable.

[presstab]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

All you need is BottleCaps.conf with this line addnode=cap.nodes.btcrypt.net:7685

[BitJohn]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

Yeah no issues syncing on my wallet

[Tranz]

Alright Tranz and I spoke on IRC, he's going to take over development.

We're going to increase the stake to 200% as we discussed.  He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.

BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything.  All the info can stay here.  Please let me know of any info on info in the OP that's out of date/incorrect.

Tranz feel free to add any info as you see fit.

Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days.  Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.

Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys.  If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.

Thanks!

Max 1000 coins meaning if someone buys 50k you will only stake 1000 coins every 15 days instead of 4000? or can you break them in to smaller transaction like 10k each block and have 5 blocks so each can stake 800 coins?

Correct. You can break them into smaller transactions. And get the max reward. But if one person grabs 100k and waits a year, they would not get 200k interest, they would get 1,000.  This makes for a healthy network and is a good compromise to slow inflation a bit.

We can talk about the perfect number. I picked 1,000 simply because it allows for  5,000 coins to age for the max weight and still get the max reward, approximately.  

[ryanb]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

All you need is BottleCaps.conf with this line addnode=cap.nodes.btcrypt.net:7685

its working

Thanks

now i need 100k CAPs coin any donations?


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[Tranz]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

One of the changes will have some hard coded seeds..

[defaced]

i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file

One of the changes will have some hard coded seeds..

So the stake changes havnt taken effect yet?